WASHINGTON, D.C. – November 20, 2015 – (RealEstateRama) — Governor Andrew M. Cuomo today announced the grand opening of the rehabilitated F.W. Woolworth building in Watertown. This historic landmark, which was one of the nation’s earliest F.W. Woolworth stores, has been transformed from a downtown eyesore into a vibrant building with 50 units of affordable rental housing and ground-level retail space.
The gross rents (rent plus utilities) of the housing units range from $543 to $769 per month and are affordable to households with incomes at or below 60 percent of the area median income.
The development team consists of Georgica Green Ventures, LLC, and White Birch Enterprises, LLC, the co-developers; LeCesse Construction and Purcell Construction Corp, the general contractors; Crawford & Stearns Architects and Preservation Planners, the architect and historic consultant and Cornerstone Property managers, LLC, the management agency. The project is owned by Woolworth Watertown, LLC.
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